The cryptocurrency market is being shaken by one of the most feared signals in technical analysis: the “Death Cross”.
Analysts Andrew Parish and Tillman Holloway assessed the dynamics behind the move.
Analyst Tillman Holloway argued that the current market tension is not solely due to technical data. Holloway said U.S. policy measures regarding Greenland and the accompanying threat of tariffs have created significant uncertainty in markets, triggering selling pressure on Bitcoin.
Holloway also called attention to the upward trend in the silver market, arguing that assets with true scarcity value will eventually appreciate, and arguing that “physical ownership” (self-custody) is more critical than ever for Bitcoin investors during this period.
Commenting on market expectations at $58,000, Andrew Parish pointed out that Bitcoin no longer behaves in the same cycles as in the past. Parish argued that Bitcoin has undergone a structural change with the approval of spot ETFs and the dominance of institutional futures in the market.
Parish noted that massive crashes of 80 or 90 percent seen in the past are unlikely in this new institutional order. According to the analyst, institutional demand generated by giants like BlackRock acts as a powerful buffer under the price.
According to the report’s analyses, although technical indicators point to a 200-day moving average (200 MA) at the $58,000 level, both analysts agree that so much talk about this level could be a “bear trap.”
Andrew Parish, in particular, argues that this climate of fear created in the market could be used to weed out weak investors and allow institutional buyers to step in before prices fall to these levels.
*This does not constitute investment advice.
